BILL ANALYSIS
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THIRD READING
Bill No: SCR 81
Author: Wolk (D)
Amended: As introduced
Vote: 21
WITHOUT REFERENCE TO COMMITTEE OR FILE
SUBJECT : California Plan Your Giving Day
SOURCE : Author
DIGEST : This resolution recognizes and supports the
importance of gift planning by declaring October 1, 2010,
as California Plan Your Giving Day.
ANALYSIS :
This resolution makes the following legislative findings:
1.Gift planning opens up options for donors, including
identifying assets for donation that may otherwise be
unavailable to charities and is a source of endowment
that provides for the possibility of long-term funding
for charitable purposes.
2.Gift planning through testamentary arrangements provides
for estate tax savings and permits donors to leave a
lasting legacy to charity, and provides the public with
the option of reallocating assets, which are otherwise
subject to taxation, to social capital, thereby
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SCR 81
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controlling the use and purpose of a person's charitable
giving.
3.Gift planning proves to be gratifying for donors who
designate their giving to organizations that share values
similar to the donor, and has a major impact on the
future viability of charitable organizations that are
highly dependent on the philanthropic spirit of its
donors.
This resolution recognizes and supports the importance of
gift planning by declaring October 1, 2010, as California
Plan Your Giving Day.
FISCAL EFFECT : Fiscal Com.: No
SUPPORT : (Verified 3/22/10)
California State University Monterey Bay
JJA:do 3/22/10 Senate Floor Analyses
SUPPORT/OPPOSITION: SEE ABOVE
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